Carolyn L.
Selling shares of LLP to reinvest - tax strategies needed
We own shares in a private real estate LLP, with an opportunity to sell these units and reinvest the cash proceeds to purchase our own cash flowing rental properties. The per unit basis is $3,100; the new 2015 value ...
Danny Milea
>150k In Taxes 2019
Hi,My fiancé paid >$150k in taxes from her W2 job. Would buying passive income (multi fam) offset her taxes? Getting a lot of mixed messages from CPAs! 😫
Caroline Clark
capital gains on converting a two family to two condos and selling one
Hi all,
I have a two family which I am looking to convert to a two family and sell off one unit. The house has doubled in value since I bought it and I would likely sell one condo for a few hundred thousand more tha...
Nicholas Berndsen
Avoiding rental depreciation recapture from year with net loss
I own a house which I have rented for 2 years. My tenants moved out in November 2015. I will sell the house in April 2016. The property is still considered a primary residence by the 2-out-of-5-years rule, so I will o...
Martin Z.
Distressed commercial deals on the way?
From what I understood, in 2005 a lot of loans that were issued had a 10 year period, for the properties not performing, is it possible there will be another wave of distressed sales? What are your thoughts, thanks
Ryan Best
Looking for an accountant in Studio CIty, CA
Hi everyone and Happy New Year!I am new to flipping houses but have my first condo flip listed and am averaging 5 showings a day (20 on the first open house a week ago). I bought a 2 br/2b 2 level condo for $360k; a...
Aquasia Hilton
Private Money Lending
I recently took a course & learned how to purchase properties off market at a fraction of value. I have a perfect strategy, i only need a private lender with full return in 6 months. Each thursday is an auction in...
Miguel Perez
Newbie Alert!! BP family whats the best advice you can share!
After a side lining injury. I was wrapping my head around what it is to analyze financially a multi family 5 or more units and the process beginning to end. First Book CRE FOR DUMMIES by Peter HarrisSo walking into th...
Darshan Patel
Whats my orginal Cost or Basis
I was trying to wrap my head around what my tax basis would be for a property. Because i refinanced it from my LLC (multimember to my name), and sold it in few months, what would be the property original cost basis? ...
Jason Fraley
Opinion on a Cash Flowing Rental
Hello everyone and good afternoon! Got a quick question, I have managed to find a small Duplex with two renter already occupied. My mortgage payment with 20% would be around $950 a month. The tenants are each paying $...